RELEASE STATEMENT

Highlights

The Consumer Price Index for June Quarter 2019 showed increases with major changes in Transport, Recreation and Restaurants & Hotels. The June Quarter CPI also showed a decrease in the Communication Group.

 

Facts

The Headline CPI increased showing 0.8 percent from March quarter 2019 to June quarter 2019.

The Headline CPI also shows annual change of 4 percent from June quarter 2018 to June quarter 2019.    

   

The main contributors to the change in the June Quarter 2019 CPI are;

  • Transport Group (+2.5%)

The main contributor to the rise in Transport Group index this quarter was the Motor Vehicle Registration Fees (+32%)

  • Restaurants and Hotels Group (+1.7%)

The main contributor to the rise in Restaurants and Hotels group index this quarter was the prices of Hotel Accommodations (+3.7%).                             

  • Communication (-3.0%)

The main contributor to the decrease in the Communication Group index this quarter was the Internet rates (- 40%)

The quarterly percentage changes in all CPI towns are;

 

CPI TOWNS INDEX NUMBERS PERCENTAGE CHANGE

Mar Qtr 2019 Jun Qtr 2019

% CHANGE

Jun Qtr 2018 Jun Qtr 2019

% CHANGE

Port Moresby

Lae

Goroka-Mt Hagen-Madang

Alotau-Kimbe-Rabaul

Weighted average of eight CPI towns

1.0

0.8

0.9

0.4

0.8

3.7

5.6

3.0

3.2

4.0

 

The percentage changes in the CPI by major expenditure groups from previous quarter are:

 

ALL GROUPS WEIGHTED AVERAGE PERCENTAGE CHANGES

Mar Qtr 2019 Jun Qtr 2019

% CHANGE

Jun Qtr 2018 Jun Qtr 2019

% CHANGE

All groups

Food and Non - Alcoholic Beverages

Alcoholic Beverages, Tobacco and Betelnut

Clothing and Footwear

Housing

Household Equipment

Transport

Communication

Health

Recreation

Education

Restaurants and Hotels

Miscellaneous

All groupings excluding Housing

0.8

0.7

1.5

 

-1.0

0.5

1.4

2.5

-3.0

-1.4

1.9

0.0

1.7

0.9

0.8

4.0

3.6

3.9

 

1.0

4.9

2.3

8.4

-3.0

2.0

5.1

2.2

7.0

2.8

3.8

 

Download June_Quarter_2019.xlsx

 

THE MOVEMENT OF THE INDEXES

HEADLINE CPI

The Headline CPI increased showing 0.7 percent from December quarter 2018 to March quarter 2019.

The Headline CPI also shows annual change of 4.5 percent from March quarter 2018 to March quarter 2019.

The quarterly percentage change in the CPI Towns are:

CPI TOWNS INDEX NUMBERS PERCENTAGE CHANGE

Dec Qtr 2018 Mar Qtr 2019

Mar Qtr 2018 Mar Qtr 2019

% CHANGE

Port Moresby

Lae

Goroka-Mt Hagen-Madang

Alotau-Kimbe-Rabaul

Weighted average of eight CPI towns

0.6

0.9

0.5

0.7

0.7

4.7

6.3

3.2

3.3

4.5

 

CPI March Quarter 2019

Graph 1 shows the quarterly percentage changes in All CPI towns from December quarter 2018 to March quarter 2019.

The percentage changes in the CPI by major expenditure groups for March quarter 2019 are:

ALL GROUPS WEIGHTED AVERAGE PERCENTAGE CHANGES

Dec Qtr 2018 Mar Qtr 2019

Mar Qtr 2018

Mar Qtr 2019

% CHANGE

All groups

Food and Non - Alcoholic Beverages

Alcoholic Beverages, Tobacco and Betelnut

Clothing and Footwear

Housing

Household Equipment

Transport

Communication

Health

Recreation

Education

Restaurants and Hotels

Miscellaneous

 

All groupings excluding Housing

0.7

0.8

-0.2

-0.2

0.7

-0.2

1.6

0.0

-0.9

0.7

2.2

3.5

-0.5

 

0.7

4.5

3.4

3.1

5.1

6.2

1.6

7.9

3.7

5.6

4.1

2.2

8.4

3.8

 

4.2

 

Below are the main Group contributors to change for March Quarter 2019

1. Restaurants and Hotels Group (+3.5%)

The main contributor to the rise in Restaurants and Hotels group index this year was prices of Takeaway Foods (+4.0%).

2. Education Group (+2.2%) 

The main contributor to the rise in Education group index this quarter is due to the increase in Education fees (3.2%).

3. Transport Group (+1.6%)

The main contributor to the rise in Transport Group index this quarter was the Fares (+3.4%)

The Transport Group Index was partially offset by decrease in fuel prices (-9.9%)

 CPI March Quarter 2019 Percentage change

Graph 2: Shows Quarterly percentage change in CPI groups from December quarter 2018 to March quarter 2019.